Article 23. Features of the audit report on financial statements of the Law on State Audit and Financial Control

Home / RLA / Article 23. Features of the audit report on financial statements of the Law on State Audit and Financial Control

1. Based on the results of the audit of consolidated or separate financial statements, the following decisions are made::

1) a positive audit report on financial statements – in the absence of significant errors;

2) an audit report on financial statements with a reservation – if significant errors are identified.

2. In cases of ignorance of accounting records or loss of accounting documents at the state audit facility, the head of the state audit and financial control body directs to the head of the state audit facility and to the higher authority responsible for the management or management of the state audit facility., an order requiring the restoration of accounting records at the state audit facility with a deadline for completion of this work and decides on the temporary suspension of the state audit with appropriate changes to the list of state audit facilities for the relevant year. At the same time, based on the results of the audit of separate financial statements, the state auditor issues an audit report with a disclaimer of opinion.

The Law of the Republic of Kazakhstan dated November 12, 2015 No. 392-V SAM.

This Law regulates public relations related to state audit and financial control, defines the powers and organization of the activities of state audit and financial control bodies.

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Republic of Kazakhstan

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